By Emily Hawkins
Next has bought fashion retailer Joules out of insolvency, beating other high street names in a bidding war, it has been reported.
The high street chain called in administrators a few weeks ago, with 1,600 jobs hanging in the balance.
Now, Bloomberg has reported that stalwart Next has emerged victorious in a battle for the brand.
The rescue deal means more than 100 shops and hundreds of jobs have been saved, according to another report by The Guardian newspaper.
More to follow…
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